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Stocks Post Decline

Dow Jones Newswires

Updated Dec. 4, 2000 6:01 p.m. ET

BUENOS AIRES -- Stocks moved lower Monday, despite a surge in U.S. stocks.

The Merval Index declined 2.74 to close at 399.59, and the General Index climbed 11.83 to 15524.49. The MAR index of Argentine-owned companies, or Merval-Argentina, was down 4.33, or 1.1%, to 388.18. Declining shares came in ahead of advancers, 27 to 13, with six left unchanged. Volume amounted to a light 8.4 million pesos.